Special need construction bond I am a luxury home builder and currently finishing up a driveway on a new home that I am building to sell. In the event the job is not done properly, it will affect a neighbor's property negatively. This neighbor wants me to post a bond to ensure that this driveway on this new home is properly done. In case my job is not satisfactorily done (as determined by an independent inspection company), the neighbor would like to take corrective action on his property and would cash the bond to help pay for this corrective action.
Two questions:
A. What kind of bond works for this situation?
B. If my credit is good to very good how much would it generally cost for a $100,000 bond? |